WORLD DIGEST || Citigroup puts new restrictions on some gun sales

NEW YORK

Citigroup put new restrictions on firearm sales by its business customers, the company said Thursday, making it the first bank to announce changes to its policies in the wake of the school shooting in Florida.

Citigroup will require its clients and business customers not to sell a firearm to anyone who hasn’t passed a background check or anyone under age 21.

The company also will not allow its customers to sell what are known as bump stocks and high-capacity magazines.

Businesses who do not comply with these new restrictions will have their Citi banking relationship eventually wound down.